Iceland - Full Rating Report - 2009/09/03 - Fitch Research

Report title: Iceland

from Fitch Research
16 page (9678 word) report published Sep 03, 2009

Price $425.00 available for immediate download

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...The collapse of Iceland's financial sector in late September and early October 2008 and the elevated risks it posed to sovereign creditworthiness triggered multiple downgrades of the republic's LongTerm Foreign and LocalCurrency Issuer Default Ratings to `BBB-' and `A-' respectively on 8 October. The ratings were put on Rating Watch Negative pending the development of a coherent and credible macroeconomic stabilisation programme, backed by the IMF. + ...

Report Type:

Full Rating Report

Company(ies):

Government of Iceland

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Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

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Fitch: Real Global Credit Growth Continues to Fall $85.00
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Fitch: Global Credit Growth to Halve as Financial Crisis Bites $85.00
Credit Update on Republic of Iceland $165.00
Fitch Downgrades Iceland to 'BBB-'; Remains on Rating Watch Negative $85.00
Credit Update on Republic of Iceland $165.00
Fitch Downgrades Iceland to 'A-'/'AA'; on Rating Watch Negative $85.00

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